this is the business briefing. i'm sally bundock. iran's president rouhani starts his european tour today. but will he be able to convince european leaders to go against the us and stick to the the nuclear deal 7 and in the us, president trump continues to roll back business regulations, including for the second biggest source of waste in the country. and on the markets: today iran's president kicks off a european tour to find out what can be salvaged after the us pulled out if the nuclear deal in may. president rouhani is in neutral switzerland today and then austria — which holds the eu presidency — on wednesday.

europe has repeatedly said it wants to uphold the deal without the us — and the reasons are at least partly economic. last year, the eu exported over $12.6 billion worth of goods to iran and imported $11.6bn — an increase of 84% from the year before. and there are a number of business deals that hang in the balance. total has a $4.8bn agreement to develop an oil field in south pars and airbus has sold 100 planes to iran — worth about $18bn. john bolton — the american national security adviser — warned at the time that european companies had 6 months to cut economics ties with iran or face sanctions themselves. ross denton, trade partner at baker mckenzie joins me now. good morning. thank you to coming

in. strong words from john bolton. we are getting used to that. how important is this to president rouhani? he has to gauge how strongly the european union will come out fighting and it will be tricky for the european union to stop getting what it wants out of withdrawal so he needs to understand how we are they to do things and how far we how we are they to do things and how farwe are going how we are they to do things and how far we are going to match up in the us. the european leaders were quick to respond when the us pulled out of the deal, emmanuel macron, angela merkel and theresa may. trying to persuade donald trump not to pull out. how important is the relationship? it's very important. it's seen as being one new market for european business and really showing the european union union

union has some cloud in the world so the europeans didn't have much option, and whether they can do that isa option, and whether they can do that is a practical matter. they are hoping this relationship can continue. total, airbus, other big players who want to do business with iran. but how realistic is it for the us to be part of the deal? it's unrealistic. the real thing the us has, it is able to control the financial system. no us banks or persons will touch anything to do with iran. even though those companies want to do business, they can't get financing and if they do, it will be from marginal sources. really facing and whether they can get paid is a different matter. not specific sanctions, john bolton was

referring to, but a difficult playing field without them involved? it is the case that the us has control of the financial system that they do have in our pockets the threat of being able to sanction companies which go against us policy. it's a tricky position for non—us businesses to be in. they may be facing what is called secondary sanctions. i don't know of any business which is sagging, i will develop the us market to stick with the iranian market. interesting to hear what you have to say about it. what is or isn't agreed. we talked about the world cup. the other big event is wimbledon. roger federer has ended his decades long partnership with nike, and signed a deal with japanese clothing company uniqlo. the new contract is reportedly worth $300m over the next 10 years. let's go to our asia business hub where shara njit leyl

is following the story. will 300 ini 300 in i guess, roger federer, he is such a strong brand and the sponsors must be lining up? well, it does appear to be the case, sally, and essentially what's happened is that tennis star hasn't said anything public about this new sponsorship until he popped up on the tennis court on monday donning the japanese brand. uniqlo confirmed the partnership on twitter and it was reported on the sports news site espn that this $300 million pricetag, but uniqlo has not shared the specific terms. we know that he is contract with the nikkei expired

in march. the athlete adding this partnership had been a long time coming. he is not the only athlete but uniqlo has sponsored. 0ther athletes they sponsor include australian golfer adam scott and japanese tennis player kei nishikori. they had also outfitted novak djokovic, who is with lacoste. uniqlo has come a long way since launching as a fast fashion label in 1997 and wants to be taken seriously as they expand globally. they are putting their money where their mouth is. us president donald trump has said he wants to nominate a newjustice for the us supreme court within the next week — to replace the liberaljustice anthony kennedy who is retiring. if his court candidate his confirmed, it will almost certainly make it easier for president trump to succeed in one of his key campaign promises: to rollback what he has called burdensome environmental regulations. already, the us environmental protection agency claims to have rolled back or delayed

the implementation of more than a0 such regulations. which has alarmed notjust environmentalists—but even some trump voters as the bbc‘s kim gittleson reports from the us state of alabama. in 2008, the town of kingston in tennessee turned into this eerie moonscape after a dam broke, spilling 1 billion tons of coal ash into a nearby river in one of the worst environment disasters in us history. now covered in grass, most of that coal ash ended up here, nearly 300 miles south in a landfill just outside uniontown, alabama. i am standing on top of the more than 400 million tons of coal ash that came from kingston, tennessee to this landfill. while arrowhead has long since stopped accepting coal ash, the impacts of that spill and the ash underneath me were profound. regulations were passed by the epa in 2015, they mandated that utilities like this alabama

powerplant monitor their coal ash sites for contamination. that is because it contains dangerous carcinogens like arsenic, mercury and lead, which can leach into the surrounding groundwater. in march, that data was released for the first time. here in wilsonville, it wasn't pretty. what did that data reveal to you? it came out hot, it came out dirty. we have contaminated groundwater. scott pruitt, the epa administrator, said that the agency would be revising those landmark regulations. and that has worried people like former epa chief christin todd whitman. we have seen these coal ashes breached. we have seen them get

into the water tables. what they are not doing is putting people who live there, they are putting their lives in danger because they will get polluted water, that is why the regulations were put in place in the first place. and without those regulations, the people of wilsonville don't feel safe. they are notjust going to poison us now, they will poison our grandchildren and the offspring of everybody‘s cattle herd around here. from now, this is not the epa, it is the utilities protection agency. the epa wants to cut regulations to save utilities money. but the question for residents is, at what cost? facebook has admitted a glitch in its network. it meant that people whom you blocked may have been unblocked temporarily. the company said it would be informing those affected — about 800,000 of them, with a pop—up message. dell has agreed to buy out its own tracking stock

for $21.7 billion in a move that will return the sprawling technology company back to public markets, five years after its founder took it private. the deal announced on monday will give michael dell and his financial partner silver lake greater control of vmware, the data centre company it already controls. tesla's heavily—shorted shares rose as much as 6.4 percent in early trading monday. but after several analysts questioned whether the electric car maker would be able to sustain the model 3 production momentum, shares ended up losing 2.3 percent at the close in new york. that's it for the business briefing this hour up next — newsbriefing.

police on the scottish island of bute are attempting to piece together the last movements of a 6—year—old girl whose body was found in woodland yesterday. officers are treating the death of alesha mcphail as unexplained and are keen to speak to any of the islands residents who joined the search after she was reported missing at around 06:30am. 0ur scotland correspondent reports from the island. ales ha alesha mcphail was reported missing on the island of bute early yesterday morning. a few hours later, the six your‘s body would this covered by a member of the public in woodland where police have since been carrying out detailed investigations. her death is caused immense shock and sadness in this small island town. detectives will

wa nt to small island town. detectives will want to understand exactly what happened to her as quickly as possible. there have been heartfelt m essa 9 es possible. there have been heartfelt m essa g es of possible. there have been heartfelt messages of sympathy and support on social media. flowers and cards have been left close to where alesha mcphail was thought to have been staying. at the moment, police are describing her death as unexplained and have sought to calm people's fears about how she died but they do need the public‘s help to make progress with their enquiries. there was a number of people through social media who were alerted to this missing child who came to assist in the area and i would like those who have not spoken to the police to come forward in the fact that we can mix to wish who has critical and is —— information on what has taken place. the investigation into the death of ales ha investigation into the death of alesha mcphail is onlyjust beginning. james shaw, bbc news, on the island of bute. a lot more in

that story and to many others in brea kfast. that story and to many others in breakfast. they will be joining us in about 17 minutes. all the updates on the latest stories. see you in a moment. this is the briefing from bbc news. the latest headlines: the 12 boys and their football coach are alive and safe after being found in a flooded cave in thailand, but their ordeal is not over yet and it could be weeks before they're finally freed. the german interior minister, horst seehoffer, has dropped his threat to resign after chancellor merkel agreed to tighter controls on immigration. belgium come from two—goals down to beat japan, and keep their hopes alive as the world cup excitement continues. mcphail now it mcphail ‘s time to look at the stories that are making the headlines in the media across the world: we begin with the daily

telegraph here in the uk. its main story reports a split in the uk government over a new potential brexit trade deal drawn up by number 10. bloomberg looks at the financial reaction to the mexican elections. it says investors are cautiously waiting for more signals from the newly elected leftist leadership. the financial times now and just weeks after donald trump said pharmaceutical prices would drop, pfizer, america's biggest drugmaker, has done just the opposite on 100 of some of its best—known medications. this story from the bbc news app — motorists in england and wales can now submit dashcam footage of dangerous drivers on a new website, aimed at streamling what's often a complicated process. and finally, if you're

watching us with a coffee, livescience.com has some interesting research. so let's begin. back with me is 0liver cornock, editor in chief at 0xford business group. we start with brexit. cabinet schism as theresa may seeks deal. she is muting with a cabinet at chequers, the country we —— retreat. but we are hearing about a rift? this